Schwab stock drops after company falls short of adj. earnings and revenue mark

Charles Schwab Corp. SCHW stock fell 2% in premarket trades Wednesday after the brokerage company fell short of Wall Street’s targets for adjusted earnings and revenue. Schwab said its fourth-quarter net income rose 25% to $1.97 billion, or 97 cents a share, from $1.58 billion, or 76 cents a share in the year-ago quarter. Schwab’s adjusted earnings in the latest quarter totaled $1.07 a share, short of the forecast of $1.09 a share by analysts surveyed by FactSet.

... Charles Schwab Corp. SCHW stock fell 2% in premarket trades Wednesday after the brokerage company fell short of Wall Street’s targets for adjusted earnings and revenue. Schwab said its fourth-quarter net income rose 25% to $1.97 billion, or 97 cents a share, from $1.58 billion, or 76 cents a share in the year-ago quarter. Schwab’s adjusted earnings in the latest quarter totaled $1.07 a share, short of the forecast of $1.09 a share by analysts surveyed by FactSet.

France Dernières Nouvelles, France Actualités

Similar News:Vous pouvez également lire des articles d'actualité similaires à celui-ci que nous avons collectés auprès d'autres sources d'information.

5 things to know before the stock market opens WednesdayHere are the most important news items that investors need to start their trading day. How are we supposed to take you guys seriously!!
La source: CNBC - 🏆 12. / 72 Lire la suite »